Category: Starting Up
-
Starting a business: the basics
If you are considering starting up a new business, you need to consider a number of factors to ensure the best chance of success. As well as your product or service, you will need to think about what you will call your business, what sort of structure it will have and how you are going…
-
Set up and register a partnership
This guide looks at the requirements that ordinary partnerships have to meet. A partnership is a relatively simple and flexible way for two or more people to own and run a profit-making business together. Social enterprises and other non-profit making organisations should not use this business structure. Unlike the shareholders in a limited company, the…
-
Family-run businesses
A family-run business is typically one in which more than half the shares are controlled by members of the same family, or one that has been passed between generations. Starting, leading and working in a family business can bring valuable benefits compared with other businesses – from greater trust between staff to increased flexibility. However,…
-
Set up and register a limited partnership
A limited partnership is a business structure which has both general and limited partners. General partners are liable for the full amount of the partnership’s debt, whereas limited partners are only liable for the debts or obligations that they initially invest in the business. There may be benefits for running your business as a limited…
-
Extra help and support available for your start up
If you run a start-up business as an entrepreneur, there may be extra help available for you if you are a woman, over 50, disabled, from a minority ethnic group, a young entrepreneur, or if you are on a low income. Much of this help takes the form of mentoring and networking – but you…
-
Choose and manage your IT supplier
To get significant benefits from IT, you need to be able to trust your IT systems. This means having confidence in the company supplying, managing and maintaining them. Choosing the right IT supplier is therefore an essential part of selecting an effective IT solution. If you rely on IT for your day-to-day activities you need…
-
Rules for naming your limited company or limited liability partnership (LLP)
The name of your limited company or LLP must conform to certain regulations. If you choose a name that does not meet these requirements, you will not be able to use it. This guide provides guidance on how to choose a name and gives examples of the controls which apply to prescribed and other sensitive…
-
Are you ready to import?
Suppliers around the world offer a wide variety of goods that might suit your business. You might be able to find lower-priced supplies, giving you a competitive edge, or new supplies that allow you to sell a completely different product. Just as when you buy within the UK, it’s important to find good suppliers, make…